Azerbaijan, Baku, Sept. 24 / Trend , A.Akhundov /
Premiums on accumulative Life-insurance in the amount of 1.390.996.73manat with payments of 21.317 manat occupied the main share in the structure of voluntary Life-insurance premiums in January-August in Azerbaijan, the Azerbaijani Finance Ministry reported.
Premiums on life insurance amounted to 714.270.55 manat with payments of 120.714.71 manat.
Total premiums on voluntary life insurance amounted to 2.105.267 million manat (1.56 percent of total fees) with payments of 142.031.71 manat (0.39 percent).
Major part of Non-Life insurance falls to property insurance - premiums worth 67.184 million manat and payments worth 16.542 million manat. Liability insurance hit 7.211 million manat with payments at 195.307.33 manat, credit insurance - 88.535.52 manat with payments worth 15. 014.14 manat and mixed insurance of financial risks - 1.502.97 manat without payment.
Premiums for personal insurance amounted to 26.755 million manat with payments of 13.154 million manat. Premiums for insurance against accidents and illnesses amounted to 5.020 million manat with payments of 871,806 manat and health insurance 21.734 million manat with payments of 12.282 million manat.
Total premiums for other kind of insurance amounted to 93.939 million manat (69.88 percent of the total figure) with payments at 29.696 million manat (81.77 percent).
The structure of compulsory insurance premiums on state individual insurance of military men hit 11.285.026 manat with payments worth 4 .788. 132 manat, fire insurance - 5.674 million manat with payments worth 289.357.48 manat, public individual insurance of judicial staff - 2. 860.183 manat with payments worth 479,567 manat, liability insurance of vehicle owners - 3.021 million manat with payments worth 742.051.3 manat, insurance of civil servants - 3.927 manat with payments at 2.288 manat. The structure of compulsory insurance premiums on state insurance of auditors' liability - 7.683.96 manat without payment, insurance of passengers - 557. 914.82 manat with payments of 4,100 manat, environmental insurance -87.003.13 manat with payments of 11,000 manat.
The total premiums of all companies operating in the country amounted to 134.437 million manat (29.73 -percent increase), and payments - 36.318 million manat (17.46 -percent increase).
The report does not specify the outcome of a single reinsurance company Az RE.
Azerbaijan operates 28 insurance companies, including three Life- companies
The official exchange rate is 0.7864 manat to $1 on Aug. 18.